Key Product Features
- Loans from £1 million to £15 million
- Build duration between 12 and 24 months
- Up to 90% funding
Please note that given the impact of Coronavirus, this finance option is temporarily restricted. Please contact us to discuss alternative options available to you.
The development finance you need:
- Funding typically a blend of 80% senior + 10% second charge (third-party) mezzanine
- Up to 90% of costs
(95% including rolled-up interest)
- Loans from £1,000,000 to £15,000,000
- Build duration typically 12m to 24m
For your residential developments:
- Houses and apartments
- New builds and conversions
- Mixed-use schemes
- Urban and rural locations
- Projects located in England, Scotland, Wales and Northern Ireland
- In areas with strong demand
- No restriction on the number of units
What is super stretch development finance?
This development loan allows professional house builders to borrow up to 90% of costs (95% including rolled-up interest). It is a blend of senior development finance, provided by BLG, integrated with a mezzanine loan, provided by a third-party funder. The paperwork is kept simple, BLG structure the deal and the developer only needs to liaise with one lender.
When to consider a super stretch development finance?
Developers who use super stretch development finance typically do so to reduce the amount of their own money in the project. This improves their business cash flow and gives them the ability to run more than one project at a time.
Using super stretch development finance, we have helped property developers double their home building capacity and double their profit.
With high Loan To Value lending BLG helps you build bigger sites, build better sites and build more sites.
For a high-leverage property development loan, talk with our expert team.